iRobot Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
iRobot Corp. (NASDAQ: IRBT) has announced the granting of equity awards to its newly-hired President and Chief Operating Officer, Jeff Engel, as a material inducement to his employment. The awards, approved by iRobot's Board of Directors on September 6, 2024, consist of:
188,955 time-based restricted stock units (RSUs) vesting over a three-year period, subject to continuous employment.
181,545 performance-based restricted stock units (PSUs) vesting in three tranches over a four-year performance period, based on continuous employment and achievement of iRobot's common stock price milestones.
These inducement awards were granted outside iRobot's equity incentive plan, in accordance with Nasdaq Listing Rule 5635(c)(4).
iRobot Corp. (NASDAQ: IRBT) ha annunciato il conferimento di premi azionari al suo nuovo Presidente e Direttore Operativo, Jeff Engel, come incentivo materiale alla sua assunzione. I premi, approvati dal Consiglio di Amministrazione di iRobot il 6 settembre 2024, consistono in:
188.955 unità azionarie restringenti basate sul tempo (RSUs) che matureranno in un periodo di tre anni, soggette a impiego continuativo.
181.545 unità azionarie restringenti basate sulle performance (PSUs) che matureranno in tre tranche durante un periodo di performance di quattro anni, basato sull'impiego continuativo e sul raggiungimento di traguardi legati al prezzo delle azioni ordinarie di iRobot.
Questi premi di incentivo sono stati concessi al di fuori del piano di incentivazione azionaria di iRobot, in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).
iRobot Corp. (NASDAQ: IRBT) ha anunciado la concesión de premios en acciones a su nuevo Presidente y Director de Operaciones, Jeff Engel, como un incentivo material para su empleo. Los premios, aprobados por la Junta Directiva de iRobot el 6 de septiembre de 2024, consisten en:
188,955 unidades de acciones restringidas basadas en el tiempo (RSUs) que se consolidarán durante un período de tres años, sujeto a empleo continuo.
181,545 unidades de acciones restringidas basadas en el rendimiento (PSUs) que se consolidarán en tres tramos durante un período de rendimiento de cuatro años, basado en el empleo continuo y el logro de hitos en el precio de las acciones ordinarias de iRobot.
Estos premios de incentivo se otorgaron fuera del plan de incentivos en acciones de iRobot, de acuerdo con la Regla de Cotización 5635(c)(4) de Nasdaq.
아이로봇 코퍼레이션(iRobot Corp.) (NASDAQ: IRBT)이 새로 고용된 사장 겸 최고운영책임자(CEO)인 제프 엥겔(Jeff Engel)에게 고용을 유도하기 위해 주식 보상을 부여했다고 발표했습니다. 이 보상은 2024년 9월 6일 아이로봇 이사회에서 승인되었으며, 다음과 같습니다:
188,955개의 시간 기반 제한 주식 유닛(RSU)이 3년 기간에 걸쳐 지속적인 고용 조건으로 지급됩니다.
181,545개의 성과 기반 제한 주식 유닛(PSU)이 4년 성과 기간 동안 세 가지 트랜치로 지급되며, 이는 지속적인 고용과 아이로봇의 보통주 가격 기준 달성에 기반합니다.
이 유도 보상은 아이로봇의 주식 인센티브 계획 외부에서 부여되었으며, 나스닥 상장 규정 5635(c)(4)에 따라 실시되었습니다.
iRobot Corp. (NASDAQ: IRBT) a annoncé l'octroi de récompenses en actions à son nouveau président-directeur général, Jeff Engel, comme incitation matérielle à son emploi. Les récompenses, approuvées par le conseil d'administration d'iRobot le 6 septembre 2024, consistent en :
188,955 unités d'actions restreintes basées sur le temps (RSUs) qui seront acquises sur une période de trois ans, sous réserve d'une emploi continu.
181,545 unités d'actions restreintes basées sur la performance (PSUs) qui seront acquises en trois tranches au cours d'une période de performance de quatre ans, en fonction de l'emploi continu et de l'atteinte des jalons de prix des actions ordinaires d'iRobot.
Ces primes d'incitation ont été accordées en dehors du plan d'incitation en actions d'iRobot, conformément à la règle de cotation Nasdaq 5635(c)(4).
Die iRobot Corp. (NASDAQ: IRBT) hat die Gewährung von Eigenkapitalvergütungen an ihren neu eingestellten Präsidenten und Chief Operating Officer, Jeff Engel, als wesentlichen Anreiz für seine Anstellung bekannt gegeben. Die Vergütungen, die am 6. September 2024 vom Vorstand von iRobot genehmigt wurden, bestehen aus:
188.955 zeitbasierten beschränkten Aktieneinheiten (RSUs), die über einen Zeitraum von drei Jahren unter der Voraussetzung einer fortlaufenden Beschäftigung fällig werden.
181.545 leistungsbasierten beschränkten Aktieneinheiten (PSUs), die in drei Tranchen über einen Zeitraum von vier Jahren ausgezahlt werden, basierend auf kontinuierlicher Beschäftigung und dem Erreichen von Kursmilestones der Stammaktien von iRobot.
Diese Anreizvergütungen wurden außerhalb des Aktienanreizplans von iRobot gewährt, gemäß der Nasdaq-Listing-Regel 5635(c)(4).
- Appointment of Jeff Engel as President and Chief Operating Officer
- Granting of substantial equity awards to attract top talent
- Implementation of performance-based incentives tied to stock price milestones
- Potential shareholder dilution due to issuance of new equity awards
Notice of Issuance of Inducement Grant
In connection with the appointment of Mr. Engel as President and Chief Operating Officer effective August 6, 2024, iRobot granted Mr. Engel employment inducement awards consisting of (a) 188,955 time-based restricted stock units ("RSUs") and (b) 181,545 performance-based restricted stock units ("PSUs"), each with an effective grant date of September 6, 2024. The RSUs will vest over a three-year period, subject to Mr. Engel's continuous employment on each vesting date. The PSUs will vest in three tranches over a four-year performance period based on Mr. Engel's continuous employment through the service period for the applicable tranche and iRobot's achievement of certain price milestones of iRobot's common stock.
The inducement awards to Mr. Engel were granted as a material inducement to his employment and were approved by iRobot's Board of Directors on September 6, 2024, in accordance with Rule 5635(c)(4) of The NASDAQ Stock Market LLC. The awards were granted outside iRobot's equity incentive plan.
About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.
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SOURCE iRobot Corporation
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